KRG, Iran make Progress on Oil Pipeline Deal

By John Lee.

Iran and the Kurdistan Regional Government (KRG) have reportedly agreed the technical details of a plan to build a pipeline that could transfer as much as 250,000 bpd of Kurdish oil to Iran.

Taha Zangana (pictured), the KRG’s deputy minister of natural resources, told Al Jazeera:

“We [the KRG and Iran] have an understanding on how to do this [exporting KRG oil and gas to Iran]. The technical aspects have been talked about and are clear to both sides. What remains is the political and commercial side of it.”

Zangana added that a high-level Kurdish delegation is expected to visit Tehran after Ramadan to finalise and sign the deal, which could also include natural gas.

More details here.

(Source: Al Jazeera)

5 Responses to KRG, Iran make Progress on Oil Pipeline Deal